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Sprint (S) may sell its wireline long-distance network and Level 3 Communications looms as a buyer, speculates Oppenheimer. “We see a sale-leaseback of (Sprint’s) long-distance network as likely,” said Oppenheimer analyst Tim Horan in a research report. “We suspect Level 3 would be the most likely partner, and it would be quite accretive to its FCF (free cash flow).” Level 3 Communications (LVLT) in June agreed to acquire TW Telecom for $5.7 Scalper1 News
Scalper1 News